Prepare the income tax return form

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Reference no: EM133716335

Principles of Taxation

PROBLEM-BASED LEARNING PROJECT

Section: Information of Individual Incomes and Expenses

Azmi bin Muhammad (Azmi) was a senior advisor at Pelantar Carigali Bhd (Pelantar) before he exercised the option to resign through Voluntary Separation Scheme from the company on 28 February 2023. Azmi provides the attached information for year of assessment 2023.

REQUIRED:

Prepare the Answer for the Following:

By using Microsoft Excel, prepare necessary computations for Azmi, Zarina, Hakim and Amalina before filling in the income tax return form (ITRF) in requirement 2. Show all computation to decide on the suitable ITRF, type of assessment (joint assessment or separate assessment) and who should claim children's relief, to ensure that the tax payment is at the minimum or receive maximum tax refund. This computation is the document to support requirement 2. Use different sheets in the file and label each sheet with a suitable name. An example is shown below:

Prepare the income tax return form (ITRF) that suitable to Azmi, Zarina, Hakim and Amalina for the year of assessment 2023 using the format shown in the Inland Revenue Board Malaysia website.

Attachment:- Principles of Taxation.rar

Reference no: EM133716335

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